Higher taxes are a fact of life now, but at the end of the day keeping 50% of a million is still better than keeping 60% of five hundred thousand.

Look at taxes like donations... your supporting the troops, interstate highways and the elderly.

But ?. A large percentage of highway costs are paid by other taxes, gas, diesel, etc. And most of the elderly paid 15% of their earnings to the Federal Government in the form of social security taxes and are getting back what they paid.

These are taxes paid which aren't included in your federal or state returns. They're additional taxes raising your actual rates much higher.

did you flunk history in college?

Ok so you are saying you worked hard on lower paying jobs to get where you are. Ever think that this is what a lot of other people are doing too? Maybe realize that fox news, etc just loves to pick out individual cases of people being total fucking slackers and mooching off the government.

I'm the person that is saying don't judge these people lol, you are the one doing the judging. My job is extremely easy for the amount of money I make. Sorry your job is very difficult still, maybe you should've done something more lucrative that is easier.

I might worry about this if I didn't make money when I sleep. Passive income ftw

Sorry one more post.

You do know that the Bush tax cuts were made permanent and the only change was for earners above $400k. Otherwise the taxes have been the same rate.... I'm not an accountant and there may have been other changes (mostly ending halving the payroll tax... but that effected lower earners the most), but nothing has changed much. Taxes are still extremely low relative to the rest of the western world, but the rest of the western world doesn't have to pay for healthcare so it balances out... maybe... slightly..

You can go back to the beginning of time and you won't find any case where 60% percent of $500k is more than 50% of 1 million. That's junior high school level math, Tony.

recently watched a Rolling Stones documentary- the Mick Taylor years 1969-1974, good doc too.

They were in the 90% tax bracket at that time, they should have just worked less.




/

You're clueless about deductions or simply a liar, my guess is the latter. :2 cents:

That's why the Stones and most British entertainment stars became tax exiles.

"During the early 1970s The Rolling Stones became tax exiles. Their experience inspired the title to their famous album Exile on Main St. According to a 2006 article in the Daily Mail, "The Rolling Stones have paid just 1.6 per cent tax on their earnings of £242 million over the past 20 years."


.

They were also getting took from their business men for the remaining 10% and were flat broke. Jagger was a pretty smart guy, London School of Economics educated and made a lot more changes to their business as the greatest rock & roll band in the world than just becoming exiles.

Or they could have just not worked as much doing what they love to do, which was my point. "If you love what you do..." is the expression.

Nice IMG.
Progressive scale is a plague for quality society.
Lets take a normal person with 50.000$, at 25% he pays 12.500$

Now imagine that person decides that he wants to work harder/smarter and starts earning 200.000$. Even with 25% he would be paying 50.000$ (meaning he would be already contributing 4 TIMES more in taxes). Society should be thankful that he started earning more and contributing more in taxes. But NO, society is not thankful, but even punish him more by making him pay 33% instead of 25%.

I do not understand how any quality society member can be ok with that. You should encourage people to earn more, not punish for that.

I've always found progressive taxation utterly stupid. I can imagine giving a tax break to someone who's just about making the ends meet or someone who just started business, but to tax more those who make more?

I'd be very curious what the government revenues from direct taxation would be with a flat tax rate scenario.

This goes right to the point I've been alluding. If you're doing what you do just for the paycheck, doing it more successfully is not a rosey picture, looking at it strictly by the taxes paid.

As hard as it is to do, that's why it's important to find and do what it is you love to do and reap the intrinsic rewards.

I'd wager very few people like paying taxes or what those tax dollars go to, regardless of which bracket they're in.

Not just a flat tax. But a flat tax combined with some sort of national sales/consumption tax to generate income from those that are working off the books. Down here in Florida I run into more self employed people working for cash than not.

.

Funny that most of those people who like paying taxes are here on GFY.. I know for sure they like for ME to pay more taxes.

I give up

less fountain, more taxes. :1orglaugh

You are from Denmark I guess? Me too.
I moved out because of the high taxes and yearly tax audits.Best thing I ever did. The irs is still writing to me once per year with some tax estimates :error

thank you for that.... this is why I'm working on retail based ventures now and not single man shops like content production... working 80 hours a week I never broke 750K... to much work... and the expenses are too high ....




in fact might have something you would be interested in... if you like wine... myself and some guys are starting a wine company with some unique aspects .. 123 at 456 dot bz.. in the process of getting my ABC permit here in Cally

you and harmon, people that continually fail never accept that others can achieve :2 cents:

Yep. It's fucked. The IRS are now all mighty in this country, they can enter your property with no warrant. Freeze your accounts if they think you are tax evading. Go back more than 10 years and ask for documentation for every little thing they want. It's NUTS! Top that off with zero accountability on their end, if they make a mistake, it's your own problem to spot and fix. You have 2-6 week to spot it. If you make a mistake, it's your problem - even if you made it 15 years ago.

Hey, they need to collect as much as possible in order to give it away for immigrant muslim leechers.

But you do have free healthcare.. right?

Keep telling these kids you spend 2k on an accountant and pay 50% in taxes. :1orglaugh

You should change your name to Joe the Plumber, you both bitch about paying taxes on businesses that only exist in your head.

Yea sure. But so does a ton of other EU countries where the quality is better and the taxes lower.

Now this country is full of wanna bee commies that doesn't much like to work and they sure don't like people that has more than themselves.